Foot Anstey advise on Peer2Peer Islamic Finance fintech deal

National law firm Foot Anstey, which has offices located in Bristol, Exeter, London, Plymouth, Southampton, Taunton and Truro, has advised London-based fintech start-up Nester Holdings on a Peer2Peer Islamic Finance fintech deal worth £431,000, followed recently by a second deal worth £225,000.

Imam Qazi, Partner, and Leena Payyappilly (both pictured), Associate, in Foot Anstey's Islamic Finance team advised on all legal aspects of the deal. This included drafting the Murabaha and legal security contracts, as well as acting on behalf of Nester's stakeholders throughout the deal to completion to ensure a smooth transaction.

Since its inception in 2018, Nester's mission has been to supply financial products that are available to all through transparent communication, which ensures risk and reward are explained in a way everyone understands. It supports investments and enables individuals to act as lenders to investors and earn a return on secured investments. Nester has strived to equip property developers, and those who wish to invest in property, with the empowerment, knowledge and clarity needed to make solid investments.

Imam Qazi, Partner at Foot Anstey, said: